
The Midstream and Downstream Gas Infrastructure Fund (MDGIF) has rejected a N94.4 billion audit query raised by the Auditor-General. According to the fund, the discrepancies identified in the audit report stem from timing differences and reconciliation issues rather than any missing revenue. The MDGIF maintained that its financial records are in order, disputing the audit findings. The clarification, reported by Punch, comes amid ongoing scrutiny of government agency finances in Nigeria.
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Nigeria's Auditor-General has raised concerns over N33.75 billion in cash transfers made to 3.29 million Nigerians, citing a lack of evidence to verify the payments. According to the audit, the National Cash Transfer Office (NCTO) showed missing records and weaknesses in financial controls. The findings raise questions about transparency and accountability in the government's cash transfer programme, which is designed to support vulnerable citizens across the country.
Legit.ng·September 8, 2026 at 5:33 PM
According to The Citizen, Auditor-General Maluleke has raised concerns over the financial audits of all metropolitan municipalities, highlighting R62.12 billion in debt write-offs and R1.61 billion spent on consultants. Despite these expenditures, 61% of the municipalities submitted flawed financial statements, prompting alarm ahead of the upcoming elections.
The Citizen (ZA)·June 25, 2026 at 5:40 AM
According to MEC Dunga, six out of eleven municipalities in Gauteng received unqualified audits for the 2024-2025 financial year, indicating a regression in the province's overall audit outcomes.
SABC Business·July 5, 2026 at 11:12 AM
Nigeria's Auditor-General has uncovered N431 billion in unpaid levies and debts allegedly owed by oil marketers to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), according to Punch. The findings point to significant financial irregularities within the downstream petroleum sector, with the withheld funds raising questions about compliance and revenue collection. The report highlights accountability concerns among marketers and the regulator's ability to recover outstanding payments owed to the government.
Punch·September 8, 2026 at 12:38 AMAuditor-General Tsakani Maluleke reported that the City of Cape Town has regressed in its supply chain management and procurement practices, resulting in non-compliance issues. This regression has contributed to the municipality receiving an unqualified audit with findings, according to Maluleke.
IOL·June 25, 2026 at 6:56 AM
The African Democratic Congress (ADC) has described President Bola Tinubu's social intervention programme as a racket, following an Auditor-General's finding that N33.75 billion in cash transfers to 3.29 million households could not be verified. According to a statement issued by the party on Monday, the finding confirms suspicions that social investment under the Tinubu administration benefits officials rather than the poor. The report concerns Nigeria's federal government and its cash transfer scheme.
Daily Trust·September 8, 2026 at 4:59 AM